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...saying, in terms that are hardly subtle, that if its programs to improve the credit markets, the Treasury's plans to help banks and the auto companies, and the Administration's budget and stimulus package works, then the American economy will walk away from the worst recession in memory. It is a preposterous statement which implies that, left alone, the financial health of the country would be in ruins. The sole salvation of the production, housing, and employment sectors of the United States rests in very few hands, all of them in Washington. (See pictures of the global financial crisis...

Author: /time Magazine | Title: The Fed: Things Will Get Better, If Everything Goes As Planned | 4/30/2009 | See Source »

Autoworkers have certainly made sacrifices recently as they trim wages and benefits to help make their employers more competitive and to save their jobs. That's part of the normal - and sometimes painful - give and take between employer and employee as companies seek to keep their workforce happy and their product pricing competitive. But when employee concessions become a currency equal in value - or even exceeding - the rights of bondholders, as it did in these latest negotiations, realism is replaced with hopeful illusions...

Author: /time Magazine | Title: Could Creditors Scuttle a GM Deal Like Chrysler's? | 4/30/2009 | See Source »

...lecture, Dinkic spoke with a sustained optimism. At one point a self-conscious laugh about the controversial former Serbian President Slobodan Milosevic’s “irresponsible spending” drew a ripple of chuckles from the room. Dinkic’s cheery attitude also appeared to help him avoid controversy on issues such as Serbia’s trade agreement with Iran—which he explained by saying that nation “pays everything promptly”—and tension surrounding Kosovo, which declared independence from Serbia last year and is recognized...

Author: By Alexander R. Konrad, CRIMSON STAFF WRITER | Title: Serbian Official Offers Economic Advice | 4/29/2009 | See Source »

...plight. “[The workers] don’t have the same access to people that can make changes at Harvard as the students do,” Alyssa M. Aguilera ’08-’09 says. “We want to help get the stories of workers out.”In order to accomplish this, SLAM hosted a panel, composed of workers, that aimed to give Harvard employees a chance to speak. SLAM also staged a rally outside of the Holyoke center, which had an impressive student as well as worker turnout...

Author: By Kristen L. Cronon, CONTRIBUTING WRITER | Title: SLAM Works For The Workers | 4/29/2009 | See Source »

Democracy will survive in Mexico, too, even if the PRI moves back into power in three years. But the Obama Administration should do as much as it can to help keep that from happening - starting with epidemiological aid to Calderon's government. From trade to immigration to the drug war, the U.S. has much more at stake in Mexico than it has in Poland. All the more reason for Washington to make sure swine flu doesn't become Calderon's earthquake...

Author: /time Magazine | Title: Swine Flu: The Political Stakes for Mexico's Government — and Obama | 4/29/2009 | See Source »

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